- Blockchain data shows SHIB is the top-traded coin by ETH whales.
- Shiba Inu’s $BONE recently got listed by two major exchanges.
- Only one transaction was recorded on Shibburn in the last 24 hours.
The popular canine coin Shiba Inu (SHIB) gained much traction among the TOP 100 Ethereum whales after briefly slipping below the multi-year support line of $0.00001 late Wednesday night. This has caused a buying spree on Coinbase, as the crypto scales suggest that 98% of retail investors on the popular American platform are buying Shiba Inu.
Moreover, the largest whales quickly reacted to the sudden price drop. According to blockchain data, one Ethereum whale on KuCoin took the opportunity to stock up on SHIB holdings. In four transactions from KuCoin, the aforementioned whale bought 4,000,000,000 $SHIB tokens, topping up the crypto wallet to 16 billion SHIB.
At press time, SHIB is changing hands at $0.00001025,…
